Universal basic income is a hot welfare idea

Universal basic income is a hot welfare idea

“We should explore ideas like
universal basic income” “We
will have to have some sort of universal basic income.” “We’re gonna have to consider new ways
of thinking about these
problems, like a universal income.” Universal Basic Income — or UBI — is a trendy but
controversial idea among
politicians and Silicon Valley leaders. The concept is simple: giving money to people every
month without strings attached
and at taxpayers’ expense. “Our generation will have to deal with tens of millions of
jobs replaced by automation.”
Proponents of the program hope it can reduce income inequality and soften the blow for those —
like truckers — who could soon
lose their job due to automation. They also argue that UBI could replace or supplement
other more selective forms of
welfare. “People are working hard, they’re working very hard, they’re working one, two, and
sometimes three jobs, they’re
working until there’s nothing left.” Ameya Pawar is a Chicago alderman who’s proposing
a UBI pilot program for the
city. The trial would provide $500 every month to 1,000 low-income families each, using
donations from wealthy UBI
supporters. Chicago would join Stockton and Oakland, California, and Finland in
experimenting with small-scale
UBI trials. But It’s unclear yet how UBI would be financed on a larger scale and whether enough
voters would rally behind the
idea at a city, state or national level. “Critics of the program would say that it
might reduce the incentive for
these people to look for a job.” “No one is leaving their job for $500 a month. When we hand
over tax incentives to big
corporations or we give tax cuts to rich people, the goal — the assumption — is that they’re
going to spend the money in the
economy and it’s going to circulate around, right? So, rich people do the right thing.
But if we help poor people, or
people who are struggling, with a little bit of cash so that they can make decisions about
how to provide for themselves
somehow we’re going to believe that they all are going to go out buy champagne.” “I think
the idea that that most people
are going to become lazy or waste their money is not borne out by the evidence. At the same
time, I do think — especially
when kids are at stake — we have to think about what is the social safety net for kids in
those few exceptions, where
parents might not be making the best decisions for them.” Seema Jayachandran is a
professor of Economics at
Northwestern University. She says two long-term examples of programs similar to UBI are the
yearly check that Alaska gives
its residents and the redistributed gambling income from a Native American
reservation. While she says that
both programs have helped reduce poverty, she also points out that the comparaisons don’t
solve the ultimate funding
question. “Where have those been funded from? It’s either natural resources or gambling.
That’s not the way that we’re
going to fund a U.S.- wide or even Chicago-wide UBI. So where’s the money coming from?
So I think if we have UBI
without that tough discussion about taxes — it might lead to cuts to some of these other
programs like food stamps, or
Medicaid, etc. And then, you know, then it’s an open question of whether the poor are actually
better off or worse off?
Alderman Pawar is working on getting more partners and donors on board before asking city
council to vote on his
initiative. Besides the UBI program, his resolution would also give the 1,000 chosen
families their earned income tax
credit payments on a monthly, rather than annual, basis.

8 thoughts on “Universal basic income is a hot welfare idea

  1. SO what about disability handicapped people.Will we get good money.or will we be taken away and put into nursing homes run by the state you live in..I've heard rumors about it.

  2. or just call it unemployment benefits with no time limits, universal basic income is already a thing, just a political buzz word

  3. I work three jobs. I start by cleaning stables first and then I go to a golf course maintenance for 8 hours after that I go home and get cleaned up and go to my waitressing job. Just making it.

  4. SHOW ME THE MONEY!!! 💰💰💰💲💲💲💵💵💵💴💴💴💶💶💶💷💷💷💸💸💸💱💱💱💹💹💹

  5. This is a bad idea, printing more money will lower the value of currency. When the government gives something away they must first steal from someone else. This will cause everyone to draw it just to keep from losing out, another socialist idea.

  6. Corporations should have to choose between hiring people or paying higher taxes to pay for the unemployment that they caused by automation.

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